October 19 2016, 9.28amUpdated: August 29 2017, 3.12pm
Builders’ merchant and Wickes chain owner Travis Perkins has revealed plans to close more than 30 branches in a move that will also see 600 jobs lost.
Travis Perkins said the branches would be shut across its trade businesses, while it is also closing 10 smaller distribution centres and reviewing its plumbing and heating division as it warned over full-year profits amid “uncertain” trading.
Workers affected by the closures have been made aware of the changes.
The overhaul comes as Travis Perkins said full-year underlying earnings would be “slightly” lower-than-expected, while it cautioned over the outlook for 2017.
“Given that levels of future demand remain difficult to predict, the group has chosen to implement a number of efficiency programmes and branch closures to further optimise the network,” the group said in a statement to the London Stock Exchange.
Exact details of the branches being axed have yet to be confirmed by the group.